Swedish furnishings retailer Ikea has acquired yet another 12,800 ha of forest in Romania, as business-review.eu reports. Only last year, the Swedes purchased 33,600 ha of Romanian forest for € 57 million via their subsidiary IRI Investments. By now, this makes Ikea the largest forest owner in the country. Future plans include further new acquisitions. The company's headquarters informs that Ikea intends to administer the areas responsibly.
Apart from the retail and forestry sectors, Ikea's activities in Romania also include their real estate subsidiary Vastint România.
In January and February, Japan reduced its imports of CLT and glulam by 2% compared to the same period of last year. Nearly half of all the laminated timber came from Finland.
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Homann Holzwerkstoffe of Munich/DE, a manufacturer of thin, high-quality finished wood fiberboards, has announced that it will postpone the start of production at its new plant in Lithuania,...
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In February, only 8% of the surveyed manufacturers reported a good business situation, while 38% described it as bad. For the majority of respondents, the business situation is satisfactory.
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In 2023, the EU 27 reduced their imports of tropical wood by 18% compared to the previous year, as the ITTO (International Tropical Timber Organization) reports. Import volumes are even slightly...
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